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News: IBN Ibuynew Group says appoints Alex Caraco as CEO

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    March 22 (Reuters) - Ibuynew Group Ltd (IBN) :

    • Mark mendel rotates from ceo role to new position as head of strategy
    • Alex caraco appointed as ceo
    • Cost reduction plan initiated, expected to deliver c.$700k annualised net saving from 1-jul-17
    • Illustrative sales scenario of 240 units, and planned reduction in overhead costs, would result in ebitda breakeven in fy 2018
    • Andrew jensen will transition from executive director to non-executive director

 
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